#CEXvsDEX101 — A Quick Comparison

Centralized exchanges (CEX) like Binance and Coinbase offer high liquidity, fast transactions, and beginner-friendly interfaces. However, they require KYC and don’t let users control their private keys, which can be risky if the platform is hacked.

Decentralized exchanges (DEX) such as Uniswap and PancakeSwap provide more privacy and full control of funds, with no KYC needed. But they often have lower liquidity, slower speeds, and a steeper learning curve.

Choosing between them depends on what you value more—convenience or control.